👹🚨⚠️ MASSIVE HACK ALERT! 🚨⚠️👹
Cetus Protocol, a major decentralized exchange (DEX) and liquidity provider on the Sui blockchain, has reportedly been rocked by a colossal hack on May 22, 2025! 😱 Cybercriminals are suspected to have drained over $200 million, with some reports claiming losses up to $260 million! 💸💸
The attackers allegedly exploited vulnerabilities by manipulating price curves and liquidity pools using spoof tokens. 📉 This devastating blow caused several Sui-based tokens to plummet dramatically and forced Cetus to pause its smart contracts. 🥶
What are they?
Cetus Protocol (CETUS): 🐳 A key platform for trading and providing liquidity on Sui and Aptos, known for its concentrated liquidity model.
Sui (SUI): 💧 A relatively new Layer 1 blockchain designed for high speed, scalability, and low transaction fees, utilizing the Move programming language.
Authorities and the Cetus team are actively investigating this major security breach. 🕵️♂️ Users are urged to exercise extreme caution and stay updated on official announcements. Your funds could be at risk! 🆘💰
